Godrej Consumer Products record 12 per cent increase in net profit

"We should also see a boost to consumption in India, following the implementation of Seventh Pay Commission and passing of GST," said Adi Godrej, Chairman, Godrej Group.ET Bureau | July 29, 2016, 15:06 IST

Godrej Consumer Products posted a 12 per cent increase in net profit at Rs 152 crore for the quarter ended June helped by lower commodity cost.

The maker of Cinthol soaps and GoodKnight mosquito repellent, however, saw sales at Rs 1048 crore unchanged, impacted by a stretched summer and the late onset of monsoon, resulting in a weak performance in household insecticides.

"We are hopeful that the good monsoons in India should lead to a pick-up in rural demand later this year. We should also see a boost to consumption in India, following the implementation of the Seventh Pay Commission and the passing of the Goods & Services Tax," said Adi Godrej, Chairman, Godrej Group.

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